Champion Breweries Plc has disclosed that its Director, Mr. Eric Idiahi, has sold 249,850,000 ordinary shares of the company.

According to a notification filed with the Nigerian Exchange Group (NGX), the shares were sold at ₦4.00 per share, totaling ₦999,400,000. The transaction took place on October 22, 2024, at the NGX in Lagos, Nigeria.

This disclosure is in line with regulatory requirements for insider dealings, ensuring transparency and accountability in the Nigerian capital market.

Champion Breweries Plc, a leading brewery in Nigeria, is listed on the NGX. Sources believe that this development may have implications for Champion Breweries’ share price and investor sentiment.